Foundations of Supply-Side Economics

Foundations of Supply-Side Economics PDF Author: Victor A. Canto
Publisher: Academic Press
ISBN: 1483271579
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Foundations of Supply-Side Economics

Foundations of Supply-Side Economics PDF Author: Victor A. Canto
Publisher: Academic Press
ISBN: 1483271579
Category : Business & Economics
Languages : en
Pages : 300

Get Book

Book Description
Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Foundations of Supply-side Economics

Foundations of Supply-side Economics PDF Author: Victor A. Canto
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
Tax rates, factor employment, market production, and welfare; Taxation in a closed economy interpemporal model with a variable supply of labor to the market sector; A neoclassical model of fiscal policy, employment, and capital accumulation; The revenue effects of the Kennedy tax cuts; Fiscal policy and the labor market; Estimates of effective marginal tax rates on factor incomes; Governmental fiscal policy and private capital formation - some aggregate time-series estimates; Persistent growth rate differentials among states in a national economy with factor mobility; The missing equations: the wedge model alternatie.

The Emergence of Arthur Laffer

The Emergence of Arthur Laffer PDF Author: Brian Domitrovic
Publisher: Springer Nature
ISBN: 3030655547
Category : Business & Economics
Languages : en
Pages : 259

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Book Description
This book explores the origins of Arthur Laffer’s economic theories and how they became a part of mainstream economic policy. Utilizing interviews and archival material, Laffer’s life is traced from his early education through to his time working for the Nixon and Reagan administrations. Laffer’s influence on Reaganomics is discussed alongside the development of supply-side economics, the shift towards neoliberal policies, and the Laffer curve. This book aims to contextualise the work of Laffer within archival research and wider economic trends. It will be relevant researchers and policy makers interested in the history of economic thought and the political economy.

Supply-Side Follies

Supply-Side Follies PDF Author: Robert Atkinson
Publisher: Rowman & Littlefield
ISBN: 0742551075
Category : Fiscal policy
Languages : en
Pages : 276

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Book Description
Supply-Side Follies methodically debunks the common assumptions of conservative economics and demonstrates why it is a 'flawed doctrine' that is setting up the U.S. for a major economic downturn in the near future.

Econoclasts

Econoclasts PDF Author: Brian Domitrovic
Publisher: Simon and Schuster
ISBN: 1684516714
Category : History
Languages : en
Pages : 301

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Book Description
The history we can't afford to forget. At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America's prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author's years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes's The Forgotten Man and John Steele Gordon's An Empire of Wealth.

Reaganomics

Reaganomics PDF Author: Bruce R. Bartlett
Publisher: Crown
ISBN: 9780870005053
Category : Political Science
Languages : en
Pages : 244

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Book Description


Demand Side Economics: Demand Side Minds

Demand Side Economics: Demand Side Minds PDF Author: Alan Harvey
Publisher: Createspace Independent Publishing Platform
ISBN: 9781478205807
Category : Demand (Economic theory)
Languages : en
Pages : 0

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Book Description
There is an economics that works, that rescued the nation from the depths of the Great Depression, that organized the mobilization of World War II, that executed a successful transition from war to peace, that built the peace into prosperity, that explained the instability and decline, and that predicted the Great Financial Crisis. This economics was abandoned, partly for the benefit of a corporate oligarchy which now controls public policy. This economics now points the way out of stagnation and uncertainty, and it embraces the challenges of world poverty and global climate change. This is the economics of John Maynard Keynes and the new Deal. Demand Side Economics draws the history and explains the thinking of nine great economists. This is a cogent treatment of complex events and concepts that will lead the reader to an understanding of what happened and why. The policy answers it projects are 180 degrees from the austerity, small government and bail-outs for the few that is the current path. Massive private debt has conspired with an orthodox economics that literally ignores that debt to put the world in a financial vise. Public policy is controlled by those who must save an architecture that cannot be saved. Markets have become casinos, with chips provided by central banks, whose players keep the winnings, but shift any losses onto the taxpayer. The foundations of sturdy, stable growth are ignored or abandoned to the detriment of all. Public goods, the Commons, the long-term survival of the planet, and the needs of the world's poor are not costs which must be minimized, but opportunities to create value and organize recovery. It is ignoring the great challenges that is truly unaffordable History, theory, evidence, presented clearly for the reader's own conclusions. We present John Maynard Keynes, the godfather of macoeconomics and Demand Side economics; Leon Keyserling, representing the New Deal and the successful transition from war to prosperity under Harry Truman John Kenneth Galbraith, with his unapologetic look at the character of affluence and the rise of the corporation; Hyman Minsky, exploring his financial instability hypothesis, the main line of Keynes into Finance; Joseph Stiglitz, looking at the cruel hoax of free market capitalism foisted on the developing world; James K. Galbraith, bringing insight into the capture of government by the corporation; George Soros, explaining how markets really work; Steve Keen, developing Minsky and Keynes into compelling economic models that actually predict real outcomes; Nouriel Roubini, taking apart the European debt and banking crisis, and presaging the trouble to come. The book suggest that central bankers do not understand how money is created. Market-first economists imagine an economy that does not exist. General equilibrium forecasters propose an invisible hand that does not exist. Elaborate mathematical expressions of the workings of the economy - "models" - present an elegant description, but of an entirely hypo¬thetical world. Whole schools of economic thought, scores of careers, thousands of academic papers and texts have been built on patently false assumptions. Models commonly used to predict, even in the aftermath of a financial crisis born in the banking system, do not include a banking sector. Massive private debt is ignored, while at the same time the public sector - government - is excoriated for somehow slipping back through time to be the cause of the financial crisis. Jobs, physical and social infrastructure, and preparation for a looming climate crisis are all deemed too expensive to buy directly. This is exactly wrong. The first error of orthodox economics is that the economy is constrained by resources. It is constrained by demand. Direct spending on these critical needs is the route out of this Second Depression. Substantial, disciplined, public demand can right the economy for all sectors, and for our collective future.

Foundations of Economics

Foundations of Economics PDF Author: Andrew Gillespie
Publisher: Oxford University Press, USA
ISBN: 0199586543
Category : Business & Economics
Languages : en
Pages : 589

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Book Description
Assuming no prior knowledge, the second edition of Foundations of Economics introduces students to both microeconomic and macroeconomic principles. This is the ideal text for foundation degrees and non-specialist courses for first year undergraduates.

Foundations of Economic Analysis

Foundations of Economic Analysis PDF Author: Paul Anthony Samuelson
Publisher: New York : Atheneum, c1965, 1979 printing.
ISBN:
Category : Business & Economics
Languages : en
Pages : 484

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Book Description


The Emergence of Arthur Laffer

The Emergence of Arthur Laffer PDF Author: Brian Domitrovic
Publisher:
ISBN: 9783030655556
Category :
Languages : en
Pages : 0

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Book Description
This book explores the origins of Arthur Laffer's economic theories and how they became a part of mainstream economic policy. Utilizing interviews and archival material, Laffer's life is traced from his early education through to his time working for the Nixon and Reagan administrations. Laffer's influence on Reaganomics is discussed alongside the development of supply-side economics, the shift towards neoliberal policies, and the Laffer curve. This book aims to contextualise the work of Laffer within archival research and wider economic trends. It will be relevant researchers and policy makers interested in the history of economic thought and the political economy.